Reliance, Inc. $RS Position Reduced by IFM Investors Pty Ltd

IFM Investors Pty Ltd reduced its position in Reliance, Inc. (NYSE:RS) by 24.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,187 shares of the industrial products company’s stock after selling 3,351 shares during the period. IFM Investors Pty Ltd’s holdings in Reliance were worth $3,096,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new position in Reliance during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. raised its stake in Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the period. Greenline Wealth Management LLC purchased a new stake in shares of Reliance in the fourth quarter valued at $32,000. Quarry LP acquired a new stake in shares of Reliance in the third quarter worth $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. KeyCorp lifted their target price on shares of Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price objective on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Seaport Research Partners boosted their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets raised their price objective on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $364.50.

Reliance Stock Up 0.2%

Reliance stock opened at $372.89 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The firm has a fifty day moving average price of $379.92 and a two-hundred day moving average price of $337.48. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.15 and a beta of 0.97.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, analysts forecast that Reliance, Inc. will post 19.26 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is 32.62%.

Reliance Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.